Date Company Address City State Zip ATTN: Contact ... - RR Simmons
Date Company Address City State Zip ATTN: Contact ... - RR Simmons
Date Company Address City State Zip ATTN: Contact ... - RR Simmons
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three (3) calendar days following receipt by Subcontractor of said written notice or such longer<br />
period of time as Design/Builder may approve, then Design/Builder, at its option, without<br />
releasing or waiving its rights and remedies against Subcontractor's sureties and without prejudice<br />
to any other right or remedy it may be entitled to hereunder or by law, may terminate<br />
Subcontractor's right to proceed with the WORK under this Agreement, in whole or in part, and<br />
take possession of all or any portion of the WORK and any materials, tools, equipment, and<br />
appliances of Subcontractor, take assignments of any of Subcontractor's subcontracts and purchase<br />
orders, and complete all or any portion of Subcontractor's WORK by whatever means, method or<br />
agency which Design/Builder, in its sole discretion, may choose. If Design/Builder so terminates<br />
Subcontractor’s right to proceed under this Agreement, Subcontractor shall not be entitled to any<br />
further payments under this Agreement until Subcontractor's WORK has been completed and<br />
accepted by Owner, and payment has been received by Design/Builder from Owner with respect<br />
thereto. In the event that the unpaid balance due Subcontractor exceeds Design/Builder's cost of<br />
completion of the WORK and all damages that are incurred by Design/Builder as a result of<br />
Subcontractor’s default, the difference shall be paid to Subcontractor; but if such cost of<br />
completion and damages exceeds the balance due, Subcontractor agrees to immediately pay the<br />
difference to Design/Builder upon demand for such payment. For the purpose of this paragraph,<br />
Design/Builder’s damages will include the Owner’s and Design/Builder’s attorney’s fees, as well<br />
as additional subcontractor, consultant or architectural fees.<br />
c. Additionally, Design/Builder shall have the right to terminate this Agreement, upon written notice,<br />
without cause or for its own or the Owner's convenience, and require Subcontractor to<br />
immediately stop WORK. In such event, Design/Builder shall pay Subcontractor for that portion<br />
of the WORK actually and properly performed in an amount proportionate to the total Subcontract<br />
Price. Design/Builder shall not be liable to Subcontractor for any other costs or damages nor for<br />
prospective or anticipated profits on WORK not performed. However, if the reason for the<br />
termination and cancellation is due to any default or action by Owner, or as a result of court order<br />
or public authority, then Design/Builder shall not be liable to Subcontractor for any sum greater<br />
than that which Design/Builder receives from Owner with respect to Subcontractor's performance,<br />
less any costs incurred by Design/Builder. If, after notice of termination of Subcontractor's right<br />
to proceed pursuant to paragraphs 11a or 11b herein, it is determined for any reason that the<br />
Subcontractor was not in default, or that it's default was excusable, or that Design/Builder is not<br />
entitled to the remedies against Subcontractor provided therein, then Subcontractor's remedies<br />
against Design/Builder shall be the same as and limited to those afforded Subcontractor under this<br />
paragraph 11c. Payment by Owner shall be an express condition precedent to Design/Builder’s<br />
duty to pay Subcontractor hereunder.<br />
d. The remedies of the Design/Builder provided for in this Paragraph 11 and in any part of the<br />
Contract Documents shall be cumulative, and not exclusive, of all other remedies which the<br />
Design/Builder may have for breach of this Agreement by the Subcontractor, or as a result of the<br />
Subcontractor's failure to perform any of the covenants of this Agreement. All losses, damages,<br />
and expenses, including attorneys' and paralegals' fees in the prosecution or defense of any action,<br />
arbitration or suits, trial or appeal, enforcement of any judgment, bankruptcy or insolvency<br />
proceedings, or any subsequent proceedings or appeals from any order or judgment entered<br />
therein, incurred by the Design/Builder as a result of the foregoing , shall be borne by and charged<br />
against the Subcontractor and shall be damages for breach of this Agreement, and the<br />
Design/Builder may recover same from the bond mentioned in Paragraph 14 hereof, and both the<br />
Subcontractor and his Surety agree to pay Design/Builder for such losses, damages, expenses and<br />
attorneys' and paralegals' fees. The Design/Builder may withhold from the Subcontractor any<br />
amounts that are payable, or due to become payable under this Agreement, or any other<br />
agreements between the Subcontractor and the Design/Builder to offset the damages incurred or<br />
potentially incurred as a result of the breach of this Agreement by the Subcontractor, or as a result<br />
of the Subcontractor's failure to perform any of the covenants of this Agreement or any other<br />
agreements between Design/Builder and Subcontractor.<br />
12. CLAIMS AND DISPUTES<br />
a. Subcontractor shall make all claims to the Design/Builder for increases in the Subcontract Price<br />
and/or extensions of time, for which the Owner may be responsible, in the manner provided for in<br />
the Contract Documents, if any, for like claims by the Design/Builder upon the Owner, and<br />
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